Credit
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Opinions & Commentary
New CMN rules could boost consolidation for Brazilian cooperative credit system
By Claudio Gallina RIO DE JANEIRO/SAO PAULO, May 3, 2024 – Fitch Ratings views the enactment of the National Monetary Council [ CMN ] Resolution No. 5,131 [R5131] as a positive regulatory…
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News
Kenyan farmers get fertiliser boost with US$ 2mln AFFM credit guarantee
NAIROBI, April 28, 2024 – In a significant step to advance food security in Kenya, the Africa Fertiliser Financing Mechanism [AFFM] on Friday launched a project that will help deliver nearly 8,000…
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Cooperatives & Communities
Nandala gets another term as BCU Chairman
MBALE, April 5, 2024 – The Forum for Democratic Change [FDC] Secretary General, Nathan Nandala Mafabi, has been re-elected unopposed as the Chairperson of Bugisu Cooperative Union [BCU] for another term. Nandala,…
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News
Private sector credit dropped 0.7 percent in January 2024
KAMPALA, March 19, 2024 – The stock of outstanding private sector credit in Uganda reduced by 0.7 percent to Shs 21.54 trillion in January 2024, from Shs 21.70trn in December,2023, mainly explained…
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Cooperatives & Communities
Diocese of Lango Clergy SACCO in need of tractor
Lira City, February 23, 2024 – The Diocese of Lango Clergy SACCO has appealed to government to support them with a tractor, saying it would help members to engage in commercial farming.…
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Cooperatives & Communities
Over 350 farmer cooperatives supported to boost value addition
JINJA, February 12, 2024 – The Ministry of Agriculture, Animal Industry and Fisheries [MAAF] has so far supported 358 farmer cooperatives/ organisations across the country to construct storage facilities and install value…
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Cooperatives & Communities
Kasese health workers form SACCO for financial empowerment
KASESE, November 7, 2023 – Health workers in Kasese district have formed a Savings and Credit Cooperative Organisation [SACCO], saying it will empower them financially. The members said their new SACCO which…
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Cooperatives & Communities
TZ SACCOs urged to join national union
MWANZA, October 2, 2023 – Mwanza Regional Administrative Secretary, Elikana Balandya has called on Savings and Credit Cooperative Organisations [SACCOs] to join the Union of Savings and Credit Cooperative Societies in Tanzania…
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National
Banking sector remains resilient despite weak economic growth
KAMPALA, October 17, 2023 – The Ugandan banking sector remained resilient despite weak economic growth prospects, heightened inflation, and elevated geopolitical tensions, says the Bank of Uganda [BoU] in its Annual Report…
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Cooperatives & Communities
CUA to create awareness on financial empowerment
ACCRA, October 16, 2023 – The Ghana Cooperative Credit Unions Association [ CUA ] says it will use its 55th anniversary celebration to showcase how it is empowering citizens to gain financial…
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